Well established distributor and installer of premium fireplaces and outdoor living/leisure products, catering to the affluent Muskoka cottage region.
Current owners are looking to retire but will remain in place (term TBD) for transition purposes.
The commercial real estate can be included in the transaction: 5,200 s.f. on 1.25 acres, zoned C3-8 Highway Commercial.
Annual revenue of $1.75M and EBITDA of $450K. If the owners were younger, they have a very detailed strategy to grow the business by expanding their repair & maintenance services that would increase revenue to $3.0M p.a., and then further by adding complimentary products which would increase revenue further to $5.0M p.a.
